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Jan 11, 2013
01/13
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, whether it's debt ceiling, whether it's government spending and things like that. are you willing to see cuts in government spending? are you willing to see reforms in medicare and social security that deal with parts of this debt problem the country has? >> well, i'll tell you. i've always been an advocate for responsible spending. i think government needs to be delivering services for people in a cost effective way. and now we have not only an opportunity, but an obligation to do that. find ways to spend smarter. that's what i stood for in the state legislature, drill down into budgets, find ways to more effectively deliver for people. so that is absolutely what i'm committed to doing. you know, in my position, in addition to working on the task force on gun violence in the house, i'm also on transportation and infrastructure. and science. and those are two great persons to look for how we lay the foundation for economic growth, for jobs in our communities. and that is going to have to be key part of this battle. >> okay. elizabeth esty, democrat from connecticut
, whether it's debt ceiling, whether it's government spending and things like that. are you willing to see cuts in government spending? are you willing to see reforms in medicare and social security that deal with parts of this debt problem the country has? >> well, i'll tell you. i've always been an advocate for responsible spending. i think government needs to be delivering services for people in a cost effective way. and now we have not only an opportunity, but an obligation to do...
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Jan 11, 2013
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and we're hearing about fiscal cliff and debt ceiling and money here and there and cuts and whatnot. it is about what the republicans want to take from the lower-income americans. that is the issue. and our next guest, bernie sanders, wants action. and so do the american people. i was struck by his essay in the huffington post that was titled "the soul of america." so well put. because folks, this is, as i said, an ideological battle. and the deck is basically stacked against you if you're in the middle class or below that. we're experiencing more income inequality now than we have during any time in a period of history since 1928. the top 1% owns 42% of the country's financial wealth. 1% of americans own 42% of the country's wealth. as for the bottom 80%, they own only 5% of the wealth. yet despite those kinds of statistics, the republicans and the big money donors who back them are aiming for more. we've heard all the rhetoric. we don't have enough revenue. well, wait a minute. we've got too much revenue going in. it's a spending problem. but we all know the reality of it. republic
and we're hearing about fiscal cliff and debt ceiling and money here and there and cuts and whatnot. it is about what the republicans want to take from the lower-income americans. that is the issue. and our next guest, bernie sanders, wants action. and so do the american people. i was struck by his essay in the huffington post that was titled "the soul of america." so well put. because folks, this is, as i said, an ideological battle. and the deck is basically stacked against you if...
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Jan 11, 2013
01/13
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you have the debt ceiling, a continuing resolution. at the end of march, the year is half over. did you have sequestration mandated. those are all intertwined. they represent different points from which you can have a conversation about spending. i actually think there is less pressure short-term from the budget year to year. it is the long-term entitlement programs. at the discretion of the congress on an annual basis, maybe only 40% of the budget they control. much of it is locked in and on a trajectory that ends badly at some 0.30 or 40 years. that objective statement comes from the president's own appointees. the presidents in both parties of had it trustees that say, this will not work long term. i think the logical approach will be to think, how can you now make some of these changes. in the 1980's they adjusted social security and medicare it is a little bit. those are phased in over a long period of time. host: what do you think about the idea of using the debt ceiling as a starting point to talk about budgets and spending? guest: there is no question that congress is in
you have the debt ceiling, a continuing resolution. at the end of march, the year is half over. did you have sequestration mandated. those are all intertwined. they represent different points from which you can have a conversation about spending. i actually think there is less pressure short-term from the budget year to year. it is the long-term entitlement programs. at the discretion of the congress on an annual basis, maybe only 40% of the budget they control. much of it is locked in and on a...
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Jan 11, 2013
01/13
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ceiling which we just talked about. we owe $16.5 trillion. all right? obviously any intelligent person knows if we keep going this way the u.s. dollar is going to collapse which is why you demand to be paid in gold. >> i don't but that's not a bad idea. >> bill: libertarian say we don't want any paper money anymore? what do you want? >> i can't speak for the libertarian. >> bill: you said you are a libertarian. >> i am. i can speak for me as a libertarian. that is a very wide platform. for me, stop spending. cut the size of the government. go into reason. you were talking about this new coin. are you out of your mind? >> bill: they are not going to do that. >> bill, the fact that they are even debating it shows you how far from reality they really are. >> bill: that's probably on the current tv network which i want to get into now. [ laughter ] beck, did you make a dopey offer to any network? >> we debated back and forth. i think it was worth half of what they paid. so we debated back and forth so we thought, okay, you
ceiling which we just talked about. we owe $16.5 trillion. all right? obviously any intelligent person knows if we keep going this way the u.s. dollar is going to collapse which is why you demand to be paid in gold. >> i don't but that's not a bad idea. >> bill: libertarian say we don't want any paper money anymore? what do you want? >> i can't speak for the libertarian. >> bill: you said you are a libertarian. >> i am. i can speak for me as a libertarian. that is...
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Jan 11, 2013
01/13
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and we can ponder the oncoming train -- >> all aboard -- >> that is the debt ceiling debacle. or we can fall back on these themes i keep talking about, themes that give us a place to go within all the skirmishing that defines our marketplace day after day. we've gone over china, the banks, and housing. we've told you that the autos and insurance stocks should be bought on weakness and we said that aerospace can work. stay focused when your favorite companies in these sectors. and tonight i've got two new ones, two themes that aren't going away. if anything, i think they're accelerating in 2013. the first, when you speak of big themes, you cannot ignore the revolution in energy in this country. >> buy, buy, buy! >> we have so much of it, particularly so much natural gas, it will not be just 2013, 2012, but a multi-year game changer. while we're thrilled about the possible north american energy independence, and by the way, the american technology behind them, don't forget that, we need to ask, how can this theme make us money? i mean, this is "mad money," not mad energy suffici
and we can ponder the oncoming train -- >> all aboard -- >> that is the debt ceiling debacle. or we can fall back on these themes i keep talking about, themes that give us a place to go within all the skirmishing that defines our marketplace day after day. we've gone over china, the banks, and housing. we've told you that the autos and insurance stocks should be bought on weakness and we said that aerospace can work. stay focused when your favorite companies in these sectors. and...
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Jan 11, 2013
01/13
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it doesn't apply to that, but it might apply, little tiny inkling that it might apply to the debt ceiling, but it didn't apply to the tax. >> sean: constitutionally, this is check mate, urge you to talk to your lawyer you probably talk to regularly, article 1, section 7 clearly spending begins in congress. >> it's clear that obamacare was not legal either. and excuse me, everybody sued and winning all the way up and a certain justice that was 100% against it who in order to become a favorite fair-haired boy in washington, went against his own beliefs, okay? >> what does it say about him if he's willing to circumvent the constitution? >> he's doing it and in my opinion for the debt ceiling he's going to use the 14th amendment and circumvent the problem. and i believe that the republicans are going to have a hard time. >> sean: coming up my sit-down with donald trump continues. does he have any regrets about not jumping into the 2012 presidential race? his surprising answer about that, bill maher and miss alabama straight ahead. she knows you like no one else. and you wouldn't have it any o
it doesn't apply to that, but it might apply, little tiny inkling that it might apply to the debt ceiling, but it didn't apply to the tax. >> sean: constitutionally, this is check mate, urge you to talk to your lawyer you probably talk to regularly, article 1, section 7 clearly spending begins in congress. >> it's clear that obamacare was not legal either. and excuse me, everybody sued and winning all the way up and a certain justice that was 100% against it who in order to become a...
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Jan 11, 2013
01/13
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you have the debt ceiling, a continuing resolution. at the end of march, the year is half over. did you have sequestration mandated. those are all intertwined. they represent different points from which you can have a conversation about spending. i actually think there is less pressure short-term from the budget year to year. it is the long-term entitlement programs. at the discretion of the congress on an annual basis, maybe only 40% of the budget they control. much of it is locked in and on a trajectory that ends badly at some 0.30 or 40 years. that objective statement comes from the president's own appointees. the presidents in both parties of had it trustees that say, this will not work long term. i think the logical approach will be to think, how can you now make some of these changes. in the 1980's they adjusted social security and medicare it is a little bit. those are phased in over a long period of time. host: what do you think about the idea of using the debt ceiling as a starting point to talk about budgets and spending? guest: there is no question that congress is in
you have the debt ceiling, a continuing resolution. at the end of march, the year is half over. did you have sequestration mandated. those are all intertwined. they represent different points from which you can have a conversation about spending. i actually think there is less pressure short-term from the budget year to year. it is the long-term entitlement programs. at the discretion of the congress on an annual basis, maybe only 40% of the budget they control. much of it is locked in and on a...
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Jan 11, 2013
01/13
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for all those reasons, plus sa said the insurgency of what could have been on the debt ceiling, if you put all that together, we cannot set back and be prepared for the worst in us were trying to do. >> having been a service chief come up with a mechanism and sequestration is established, we would have to absorb $52 billion in reductions piece of the started in october commutes are fixed to the number 12 months. in january europe's or 52 billion over nine months. in the start of march commutes 2 billion over six months or seven minutes. the permits and sustainable way to take measures to prepare ourselves for that eventuality. >> the fy 13 budget, were basically spending money pursuant to what we had in the fy 13 budget. and the fact is spending at this level and effort required to do this cut, suddenly we achieve this level of savings. where do we go? are going to protect the war fighter commits us in afghanistan. are going to protect this area is critical to national defense. so where do you go? u2 readiness, maintenance, training. this is where cuts are ultimately made. when that ha
for all those reasons, plus sa said the insurgency of what could have been on the debt ceiling, if you put all that together, we cannot set back and be prepared for the worst in us were trying to do. >> having been a service chief come up with a mechanism and sequestration is established, we would have to absorb $52 billion in reductions piece of the started in october commutes are fixed to the number 12 months. in january europe's or 52 billion over nine months. in the start of march...